DSV increases profits forecast - CILT(UK)
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LATEST NEWS

DSV increases profits forecast

31 October 2018/Categories: CILT, Industry News, Freight Forwarding, Logistics & Supply Chain


DSV delivered healthy top-line growth across all business areas and continued improvement of margins in the first nine months of 2018.

The company increased its revenue by 3.9% to DKK 58.1 billion for the first nine months of 2018, while operating profit was up 12% at DKK 4.7 million.
The company, which recently abandoned plans to take over CEVA, increased its revenue by 3.9 per cent to DKK 58.1 billion for the first nine months of 2018, while operating profit was up 12 per cent at DKK 4.7 million.

​Jens Bjørn Andersen, CEO, DSV, said: "We delivered strong results in the first nine months of 2018, including healthy top-line growth across all business areas and continued improvement of our margins. The implementation of trade tariffs continues to create uncertainty in our industry, but so far, we see a negligible impact on our activities. Based on our performance so far and expectations for the rest of the year, we are adjusting our earnings outlook."

The consolidated full-year outlook for 2018 previously announced is adjusted as follows:

  • Operating profit before special items is expected to be in the range of DKK 5,400-5,600 million (previously DKK 5,300-5,600 million)
  • Adjusted free cash flow is expected to approximate DKK 4,200 million (unchanged)
  • The effective tax rate is expected to approximate 23% (unchanged)

 

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